Companies
Swiss banker Pierre Mirabaud pleads guilty in Kuwait corruption case
Former Swiss Bankers Association president admits to money laundering and illicit commissions linked to Kuwaiti pension fund investments. Trial set for September 8.
AXA CEO Thomas Buberl resigns from World Economic Forum board
French insurer AXA's chief executive departs WEF foundation board amid ongoing leadership disputes. Christine Lagarde emerges as leading candidate to succeed outgoing leadership.
SMG names Alberto Sanz de Lama CEO; Christoph Tonini to become chairman
Christoph Tonini will step down as SMG CEO by end-2026 and become chairman in April 2027. Alberto Sanz de Lama, head of automotive, takes over as CEO from January 1.
Orior cuts full-year sales outlook after H1 revenue decline
Swiss food group posts 7.1% half-year revenue drop, lifts net profit despite margin pressure from lower pork prices and retail disruption.
Swiss car repair costs surge up to 50% amid rising vehicle complexity
Average repair costs for rear doors jumped nearly 50% in two years, while labor rates climbed 3% as vehicle electronics add expense. Data from 7.3 million repair orders analyzed.
Inuvo integrates FouAnalytics into AI-driven ad platform to boost transparency
Integration adds third-party verification for audience modeling, targeting advertisers and SMBs with post-bid traffic quality checks.
Meta agrees to up to $18 bln settlement over youth social media risks
California's lawsuit resolved with payouts tied to industry-wide conditions; Meta to implement strict usage limits and algorithmic controls for minors over 10 years.
Inuvo integrates FouAnalytics traffic measurement into AI-driven ad platform
Integration adds independent post-bid verification to IntentKey’s audience modeling, targeting human reach without third-party cookies. Inuvo shares trade at $0.70.
Meta agrees $18 bln settlement with 52 U.S. states over teen safety claims
Social media giant to pay $18 billion over a decade under agreement resolving claims related to harm to under-18 users. Terms include daily usage limits, access restrictions and independent audits.
Dutch regulator says no Tesla recall in Europe over retractable door handles
European authorities see no immediate need for a recall of Tesla vehicles over electronically controlled door handles, unlike China’s mandatory action affecting 4.3 million cars. Regulators focus on emergency accessibility.
KNOT Offshore Partners buys shuttle tanker for $24.4 million
Transaction values *Hedda Knutsen* at $24.4 million after debt offset, as part of a $225 million loan refinancing backed by five vessels.
Meta settles with U.S. states over social media harms allegations
Agreement resolves claims that Meta’s platforms were designed to addict children and improperly collected data. Deal covers 29 states and avoids high-profile trial.
Vanguard to acquire fintech platform Altruist for $4 billion
Deal expands Vanguard’s wealth-management reach by integrating independent adviser technology. Transaction expected to close later this year.
DAZN acquires EverPass Media to expand U.S. commercial sports streaming
Deal combines DAZN's global sports content with EverPass' U.S. venue distribution platform. Existing NFL Sunday Ticket clients to continue uninterrupted service.
Propel Funeral Partners posts flat FY26 revenue amid cost pressures
Australia and New Zealand's second-largest funeral operator reported a 0.3% revenue rise to AUD 226.6 million in FY26, but operating EBITDA fell 1.6% as margins compressed. Dividend maintained at 14.4 cents per share.
Kanada erwartet zwei Jahre Zollkonflikt mit USA nach gescheiterten Gesprächen
Ottawa rechnet mit langwierigem Handelsstreit nach US-Zöllen von 50% auf 20 Mrd. Dollar kanadische Importe. Kanada antwortet mit Gegenzöllen und einem milliardenschweren Hilfspaket für betroffene Branchen.
UK urged to deepen EU ties amid calls for bolder approach
Prime Minister Andy Burnham urges London to strengthen cooperation with Brussels, citing defense and security alignment as a foundation for broader engagement ahead of a planned summit.
Banco Azteca automates 8,800 processes with UiPath to cut costs
Mexico’s Banco Azteca has scaled robotic process automation to 8,800 workflows, deploying UiPath Maestro to handle the equivalent of 3,300 full-time roles and support e-commerce operations.
NOMAD advances Vermont energy storage project to final phase
NOMAD Power Solutions secures $9.5 million DOE grant for Phase 3 of its $19 million long-duration storage initiative in Vermont, deploying eight battery systems across five sites.
TWG Global denies fraud allegations, asserts Dodgers not for sale
Group 1001 unit faces regulatory scrutiny over asset classifications as TWG denies wrongdoing and clarifies sports portfolio stance.
Banco Azteca expands automation to 8,800 processes with UiPath
Mexican lender automates 8,800 workflows using UiPath Maestro, cutting costs and boosting efficiency as part of a broader AI and RPA initiative launched in 2020.
Elanco completes $120 mln Kansas antibody drug plant expansion
Facility in Elwood triples monoclonal antibody production capacity to meet surging demand for canine treatments. Additional $30 mln warehouse investment planned by 2028.
NZME posts first-half profit as audio division lifts revenue growth
New Zealand media group NZME reported a swing to profit in H1 2026, driven by an 8% rise in audio revenue and 11% EBITDA growth. Publishing division results were mixed amid shifting subscriber trends.
AIG appoints Allianz’s Anthony Vassallo as global energy head
Vassallo, who spent over two decades at Allianz, will succeed Warren Meigs, who is retiring after 33 years at AIG. The move underscores AIG’s focus on specialty lines.